Posted on 04/06/2016 7:15:12 AM PDT by SeekAndFind
Jerry Brown said the new minimum wage law doesn’t make any economic sense but it was necessary because they live in a moral community.
What the writer doesn't get, is the fact that facts are irrelevant to liberals. This is not about 'raising the standard of living' of the masses of working class, but raising the massive campaign contributions of the political class................
Private contracts between two parties are long gone. There’s no transaction anymore where the government isn’t the third party.
“But remember, when the people once part with power, they can seldom or never resume it again but by force. Many instances can be produced in which the people have voluntarily increased the powers of their rulers; but few, if any, in which rulers have willingly abridged their authority. This is a sufficient reason to induce you to be careful, in the first instance, how you deposit the powers of government.”
Wise words.
Seems like the most likely economic consequence of this will be stagflation - lower employment and higher prices.
So how does an investor play this? Reduce your cash position? Buy physical assets?
“If jobs disappear from Binghamton, New York while remaining steady in Scranton, Pennsylvania, there will be a strong argument that mandated wage increases are damaging to the economy.”
The jobs have already left Binghamton, NY. Decades ago.
Liberals hate low wage workers...they just banned them. Only jobs worth $15/hr or more may be performed.
>Why isn’t the American allowed to negotiate whatever he or she well pleases?
>>Because we no longer have a government that truly values the free enterprise system. Nor is that likely to change any time soon, barring an electoral miracle.
Just leave it at ‘usurpation of the Constitution’. The list is relatively short of what Freedoms we have LEFT....property being missing from that list.
>That’s exactly what the tenth Amendment protects. If one state wants to do something, either stupid or brilliant, they are allowed to.
The point missed is *IF* “they are allowed to”; ‘want’ has NOTHING to do with this equation.
There is NO authority to mandate a set ‘wage’, least alone interfere with contracts. In as much as welfare (stealing from one to give to another) or H’Care (involuntary servitude) or...
IMO, too many here begin ‘debating’....20 steps in; very little on the root cause/issues. Sure makes losing to the Left easier, by not objecting to their premise(s) and assertion(s).
I remember being in Endicott/Binghamton area a lot in the early 90’s.
The only jobs were store clerks and those were held by IBM early retirees after they were bought out and laid off.
There was literally nothing up there.
Problem is we have FAR TOO many ‘laws’ and little left of Rights/Freedom/Liberty and ‘true’ choice. Gone are basics of ‘personal responsibility’; trading one form of slavery/servitude for another (plantation owner now being GOVT). Most of these said laws/regs/rules/etc are strictly as a $$ making point for...GOVT.
Correct. A great example is a road intersection in Finland (I think) The intersection had a bad crash, so they put up a sign to warn drivers to slow down. Then another crash with another sign, and again, and again.
Soon, this one intersection had a reputation as a high crash zone and a huge number of signs.
Finally, some traffic safety guy decided to try something. He removed all the signs. When faced with the necessity to look out for ones self, rather than following the letter of the law by doing what the signs said, crashes decreased dramatically.
Here’s a news story of a town in Germany that removed all signs. http://www.dailymail.co.uk/news/article-1028740/Accident-free-zone-The-German-town-scrapped-traffic-lights-road-signs.html
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